Nicaragua to Improve Fiscal, Social Sectors with IDB Assistance

The Inter-American Development Bank is lending USD40.5 million to Nicaragua to help the country improve its

. The loan, which will be disbursed in three tranches, will also finance programs that seek to create more transparency and efficiency in the execution of the national budget.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.